| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | 21 | 42 | 5 | 4 | 2 | 23 | 13 | 7 | 2 | 1 | 24 | 10 | ||||
| 2 | Stranraer | 21 | 40 | 7 | 2 | 2 | 16 | 9 | 4 | 5 | 1 | 14 | 9 | |||
| 3 | Stenhousemuir | 21 | 36 | 5 | 3 | 2 | 18 | 8 | 5 | 3 | 3 | 17 | 14 | |||
| 4 | Queen of the South | 21 | 36 | 5 | 3 | 2 | 16 | 6 | 5 | 3 | 3 | 18 | 15 | |||
| 5 | Meadowbank Thistle | 21 | 35 | 5 | 4 | 1 | 20 | 14 | 4 | 4 | 3 | 14 | 11 | |||
| 6 | Queen's Park | 21 | 31 | 7 | 1 | 3 | 22 | 19 | 2 | 3 | 5 | 9 | 18 | |||
| 7 | Montrose | 21 | 29 | 3 | 4 | 4 | 17 | 16 | 5 | 1 | 4 | 14 | 13 | |||
| 8 | 21 | 27 | 4 | 2 | 4 | 14 | 11 | 3 | 4 | 4 | 11 | 12 | ||||
| 9 | East Fife | 21 | 27 | 4 | 3 | 3 | 11 | 9 | 2 | 6 | 3 | 15 | 17 | |||
| 10 | Forfar Athletic | 21 | 27 | 3 | 3 | 4 | 16 | 19 | 4 | 3 | 4 | 17 | 17 | |||
| 11 | Arbroath | 21 | 23 | 3 | 5 | 2 | 8 | 12 | 3 | 0 | 8 | 11 | 25 | |||
| 12 | Alloa Athletic | 21 | 20 | 2 | 5 | 4 | 10 | 13 | 1 | 6 | 3 | 10 | 12 | |||
| 13 | Albion Rovers | 21 | 14 | 2 | 3 | 6 | 12 | 18 | 1 | 2 | 7 | 8 | 22 | |||
| 14 | Cowdenbeath | 21 | 10 | 1 | 2 | 8 | 10 | 22 | 1 | 2 | 7 | 7 | 18 | |||